Renovation Loans

THE PERFECT “FIX” FOR HOME RENOVATION FINANCING

Don’t be afraid if the home of your dreams is a bit of a nightmare. You can get the financing you need to buy or refinance and renovate all in one loan.

EXPAND YOUR HOME SEARCH OPPORTUNITY

In a hot market, move-in ready homes often sell quickly and for more than asking price. A renovation loan can open up the market for you by allowing you to look at a wider range of properties, knowing you can make all repairs after closing on your loan.

RENOVATE YOUR CURRENT HOME

A new kitchen, additional bedrooms or bathrooms, energy efficient improvements, or any other improvements are all possible with a renovation loan which refinances your mortgage and rolls all home improvements into one loan.

SEE YOUR HOME EQUITY INCREASE

Anyone looking to buy with an FHA loan should consider the 203(k) loan. With the right improvements, you could greatly increase the value of your home to have enough equity to refinance in the future into a loan with no mortgage insurance.

203(k) STREAMLINE: THE “TOUCH UP” LOAN

When the work you need done on a property ranges from general repairs (fixing a roof) to upgrades (finishing a basement) that are $35,000 or less.

203(k) STANDARD: “THE LOAN FOR EVERYTHING”

It looks like that fixer upper needs more work than you expected – you need a 203(k) standard loan with flexibility on the borrowing amount.

Approved work includes but is not limited to: major rehab, new construction/additions, structural repairs, landscaping, new septic & wells, and repairs lasting 3-6 months or preventing a buyer from living in the home.

203(k) STREAMLINE: THE “TOUCH UP” LOAN

When the work you need done on a property ranges from general repairs (fixing a roof) to upgrades (finishing a basement) that are $35,000 or less.

203(k) STANDARD: “THE LOAN FOR EVERYTHING”

It looks like that fixer upper needs more work than you expected – you need a 203(k) standard loan with flexibility on the borrowing amount.

Approved work includes but is not limited to: major rehab, new construction/additions, structural repairs, landscaping, new septic & wells, and repairs lasting 3-6 months or preventing a buyer from living in the home.

YOU CAN USE A 203(K) REHABILITATION LOAN TO

BUY

a home that doesn’t meet the health and safety standards for an FHA loan

REHAB

a property and bring it up to current standards

REFINANCE

an existing loan and rehabilitate a property

PURCHASE

a stick built home to move to a new foundation and renovate

RENOVATE

a home for putting on the market

About Us

Carolina One Mortgage, LLC is a premier mortgage lender offering the highest level of expertise and personal attention to every individual client we serve. Whether you’re a first-time homebuyer or moving up to a better home, your satisfaction is our #1 priority.